JAPAN and UNITED STATES – Alps Electric Co., Ltd. has undertaken a share purchase agreement to acquire Greina Technologies, Inc. and make it a wholly owned subsidiary. With the planned acquisition, Alps Electric aims to add even greater value to its sensing solutions for the automotive market as well as consumer electronics and mobile market.

Alps Electric, in particular, will integrate Greina Technologies' high-accuracy positioning technology based on original algorithms with its high-performance wireless communication module technology.

An engineering firm specializing in positioning systems, Greina Technologies was established in Salt Lake City, Utah, United States and has been designing and developing wireless electronic systems as well as consulting services. The company has grown rapidly on the back of its technological development, including in the area of high-accuracy positioning based on original algorithms.

The acquisition will make it easy to build close-range sensing systems, with positioning accuracy down to tens of centimeters and outstanding security performance, by combining Greina Technologies' ranging technology with wireless communication technology that Alps Electric has built up over many years. Alps Electric will work to strengthen sensor business by deploying this advanced sensing technology in the automotive market as part of efforts to develop highly original products and create business within the rapidly expanding connected cars, autonomous driving, sharing and services, and electric vehicles.